What is a Vertical Market?
A vertical market is a market composed of companies that have the ability to manipulate the prices of products or services provided by various links in the production and delivery of goods.
Vertical market
Right!
- Chinese name
- Vertical market
- Brief introduction
- Refers to the market for the production of manipulated goods by various owners
- Use
- Conveying products provided in all links
- E.g
- IT industry like Microsoft to the world
- A vertical market is a market composed of companies that have the ability to manipulate the prices of products or services provided by various links in the production and delivery of goods.
- Like Microsoft in the IT industry around the world, Sinopec is in China's petrochemical industry. Are giant companies. It is similar to a complete monopoly market in economics.